Philippine finmin: BSP may opt to hike rates by 25 bps or keep unchanged

March 20, 2023 - 9:54 AM
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Benjamin Diokno
Finance Secretary then Bangko Sentral Governor Benjamin Diokno in this photo uploaded on BSP's official Facebook page on Oct. 12, 2021. (Photo from Facebook/Bangko Sentral ng Pilipinas)

 Philippine Finance Secretary Benjamin Diokno said on Monday the central bank could decide to either hike the key interest rate by 25 basis points or keep policy settings unchanged at its policy meeting on Thursday amid uncertainties.

Diokno, who also sits in the central bank’s policy-making monetary board, expressed optimism that inflation will ease to around 4% towards end of the third quarter.

—Reporting by Neil Jerome MoralesEditing by Ed Davies